/Docs/G/YCombinator-SeriesAA/Form/SharePurchase_v01.md
Source views: Source JSON(ish) on GitHub (VSCode) Doc views: Document (&k=1.r00t): Visual Print Technical: OpenParameters Xray
Authorization, Sale and Issuance of Series AA Preferred Stock
- Authorization
The Company will, prior to the Initial Closing (as defined below), authorize (a) the sale and issuance of up to {Cap.AA.Auth.#} shares (the "Shares") of the Company's Series AA Preferred Stock, par value {Cap.AA.Par.$} per share (the "Series AA Preferred"), having the rights, privileges, preferences and restrictions set forth in the Amended and Restated Certificate of Incorporation of the Company, in substantially the form attached hereto as Exhibit B (the "Restated Certificate") and (b) the reservation of shares of Common Stock for issuance upon conversion of the Shares (the "Conversion Shares"). - Sale and Issuance of Shares
Subject to the terms and conditions of this Agreement, each Investor agrees, severally and not jointly, to purchase, and the Company agrees to sell and issue to each Investor, the number of Shares set forth in the column designated "Number of Series AA Shares" opposite such Investor's name on the Schedule of Investors, at a cash purchase price of {Cap.AA.Offered.Price.$} per share (the "Purchase Price"). The Company's agreement with each Investor is a separate agreement, and the sale and issuance of the Shares to each Investor is a separate sale and issuance.